Has the Big Tech Bubble Burst?

Has the Big Tech Bubble Burst?
Traders work after the opening bell at the New York Stock Exchange (NYSE) on Oct. 28, 2019. ohannes Eisele/AFP via Getty Images
Jeffrey A. Tucker
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Commentary

The extraordinary gains on Wall Street from Oct. 28 were stunning, but it’s the details that matter. What didn’t participate in the sudden exuberance were the tech stocks that have performed so well over the past three years and even dating back to 2009. The enthusiasm was all about value stocks, those old-fashioned companies with valuations that reflect actual assets and earnings and are likely to pay dividends.

Jeffrey A. Tucker
Jeffrey A. Tucker
Author
Jeffrey A. Tucker is the founder and president of the Brownstone Institute and the author of many thousands of articles in the scholarly and popular press, as well as 10 books in five languages, most recently “Liberty or Lockdown.” He is also the editor of “The Best of Ludwig von Mises.” He writes a daily column on economics for The Epoch Times and speaks widely on the topics of economics, technology, social philosophy, and culture. He can be reached at [email protected]
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